Biderman Blasts “Sequestration Bullshit” And The Government’s Big Lie

The sequestration bullshit is driving TrimTabs’ CEO Charles Biderman nuts – and rightly so. As we showed recently, the actual scale of the earth-shattering cuts, while not insignificant, are small and if the shills on TV preaching the end of the world from sequestration did the math they would see it is a mere 6% drop in non-entitlement government spending that is set to destroy the economy. Biderman exclaims, “what is apparent to me is that our government is becoming very good at the big lie,” as they exaggerate any and everything to their own needs. It is obvious, he adds, “that our government is deeply committed to not reducing the size of government, and is willing to outright lie,” but he saves the epic rant that we come to expect for Paul Krugman. Just as Irving Fisher’s infamous 1929 pre-crash call that equities have reached a permanently high plateau; Biderman suggests Krugman will be remembered as erroneously claiming that ‘deficits don’t matter’, as he reminds us of Emperor Caracella’s 268AD reign of insidious taxation and currency debasement that ended in 1000% inflation and the end of the Roman Empire. Well worth the price of admission…